Common Mistakes in Family Wealth Management – and How to Avoid Them
Family wealth management in Israel rests on a delicate legal mix: inheritance law, marital property laws, legal capacity and guardianship (including enduring powers of attorney), corporate law, real estate taxation, and trusts. When details are overlooked, the price can be high. Below is a classic “minefield map,” together with the safest way to avoid each […]
Inheritance by Law vs. a Will: What Really Happens When You Don’t Decide — and Is It Worth It for Your Family?
You’ve planned everything: the mortgage, the investments, the insurance. But there’s one thing most people postpone — writing a will. “We’ll figure it out,” “We’re all family,” “It’s too early.” Until the day comes when the law decides for you. In Israel, when a person passes away without a will, an automatic mechanism of inheritance […]
Real Estate Tax Planning in Intergenerational Transfer of Property: How to Save Taxes Smartly
Families in Israel who own significant real estate assets — residential apartments, commercial properties, plots of land, or income-producing real estate — face complex legal and tax challenges when transferring these assets to the next generation. Early and precise real estate tax planning can save hundreds of thousands of shekels (and often much more), ensuring […]
Prenuptial Agreements as Part of Holistic Family Wealth Planning
Effective family wealth management involves more than drafting wills or setting up intergenerational transfer mechanisms. As part of a comprehensive and holistic family wealth plan, one additional legal tool plays a vital role — the prenuptial agreement. A prenuptial agreement is not merely a technical legal document. It is a strategic and preventive instrument designed […]
Enduring (Lasting) Power of Attorney – What It Is, Why It’s Essential, and How to Prepare Properly
In recent years, the Enduring Power of Attorney (EPOA) has become one of the most important legal instruments in the fields of family wealth management and intergenerational planning. As awareness of proactive legal and financial planning grows, many families in Israel now recognize the need to prepare for periods of uncertainty that may affect a […]